See: Obama Administration Sets Housing Agency Pay Caps - http://goo.gl/OC4NX
I value my integrity and my reputation above all and I am confident my professional record speaks for itself. Over the course of my tenure with AHA, my compensation package has been approved in public meetings by independent Boards of Commissioners who were appointed by three of the last four Atlanta mayors. My contract has been publically reviewed and pondered. I have never shied away from discussing my service with the Atlanta Housing Authority or my compensation.
Given the total compensation for calendar year 2010 largely represents deferred payments for earned compensation, it is misleading and erroneous to suggest $644,000 is an accurate representation of my annual salary.
I am particularly frustrated by this media report given I clarified these facts in written communication with senior officials the US Department of Housing and Urban Development (HUD). I communicated the following:
1. As has been a matter of public record, I started working at AHA as CEO in September 1, 1994 when the Atlanta Housing Authority was on the government “Troubled Agency” list. After years as a corporate finance attorney in Atlanta and New York, I agreed to an annual salary of $155,000.
2. During my tenure, my salary has increased approximately 5% per year. Since 1999, AHA has been certified as a “High Performing Agency” by HUD, is widely considered an industry leader on several different measures, has received “clean” annual audits for the last decade, and has dramatically improved the living conditions for thousands of low-income families in Atlanta.
3. My salary from July 1, 2009 through June 30, 2010 was $300,000. Effective July 1, 2010, the Atlanta Housing Authority Board and I negotiated a new employment contract which included an annual salary of $325,000.
4. My compensation for the calendar year ending December 31, 2010, included:
Salary: $312,500. The Atlanta Housing Authority operates on a June 30 fiscal year hence the blended amount of approximately $312,500.
One-time “use it or lose it” of $126,000. A one-time payment of $126,000 represented 12 years of accrued and unused earned vacation from January 1, 1998 through June 30, 2010. The Atlanta Housing Authority Board of Directors adopted a “use it or lose it” provision applicable to all employees starting July 1, 2010.
Two years of performance bonuses. A one-time payment of $135,000 for performance bonuses were awarded by the Board of Commissioners for my performance during Fiscal Years 2009 and 2010.
Unused Paid Vacation. A one-time payment of $11,250 representing the value (at my salary level) of paid holidays during the year granted to all employees; and
Unused Paid Sick leave. A one-time payment of $4,100 incentive for non-use of sick leave.
For the 2011 calendar year, I received my salary of $325,000. No bonus or accrued vacation pay were paid.